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Keene panel backs airport solar project and authorizes manager to negotiate with Revision Energy
Summary
The Finance, Organization and Personnel Committee voted to recommend a bond appropriation and authorized the city manager to negotiate and execute a contract with Revision Energy for a large solar farm at Keene Airport; the manager said meeting federal investment-tax-credit timing could bring roughly $3.4 million in reimbursement and accelerate the project's payback.
The Keene Finance, Organization and Personnel Committee voted unanimously to recommend a bond appropriation for the Keene Airport solar project and authorized the city manager to negotiate and execute a construction contract with Revision Energy.
City Manager (unnamed) told the committee the multi-megawatt project has been under development for several years and that acting quickly could secure a federal investment tax credit. “If we are successful at meeting the buying threshold of 5% or more in time for the safe harbor of the investment tax credit, we would be reimbursed just over $3,400,000 in 1 year,” the City Manager said, noting that the reimbursement would…
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